Wave analysis of the euro, the dollar and forex forecast for the week 13.03 - 03.17.2017 : EUR / USD - Euro reduce the likelihood persists.
Estimated pivot point is at 1.0614.
Alternative EUR / USD : A break and consolidation above the price level of 1.0614 will allow the pair to continue to grow to around 1.0660 - 1.0700.
Our opinion : Sell EUR / USD pair from correction below 1.0614 with the aim of 1.0420.
Analysis EUR / USD : Presumably, formation of the fifth wave 5 senior level, within which there is a third wave iii of 5. development locally, apparently, ended upward correction as a wave (ii) of iii, and if we assume s true, it is logical to expect continuation of decrease in pair to marks 1.0420 - 1.0350. Critical to this scenario is the level of 1.0614.
Wave analysis of gbp usd forex forecast and GBP / USD on the week 13.03 - 03.17.2017 Traders should wait for the growth of GBP / USD.
Estimated pivot point is at 1.2131.
Alternative GBP / USD : A break and consolidation below the price level of 1.2131 will allow the pair GBP / USD to continue to fall to around 1.1989.
Our view : Buy the pair GBP / USD on corrections above the level of 1.2131 with the aim of 1.2300 - 1.2476.
Analysis GBP / USD : Presumably, formation of an upward correction in wave 4 senior level. Locally, apparently completed the development of wave b of 4, and if the assumption is true, it is logical to expect the resumption of growth of the pair to 1.2300 marks - 1.2476. Critical to this scenario may be the level of 1.2131, a break of which will allow the pair to continue to decline to around 1.1989.
Wave analysis and forecast Forex USD / CHF for the week 13.03 - 03.17.2017 : The pair USD / CHF correction. Traders should wait for the continuation of decline.
Estimated pivot point is at 1.0157.
Alternative USD / CHF : The breakdown and fixing prices above the level of 1.0157 will allow the pair USD / CHF continue to grow to marks 1.0220 - 1.0280.
Our opinion : Sell pair USD / CHF from correction below 1.0157 with the aim of 1.0050 - 1.0014.
Analysis of USD / CHF : Presumably, formation of the first wave i in the third 3 senior level. Locally, apparently develops downward correction ii of 3, in which the wave (a) is formed. If the assumption is true, it is logical to expect continuation of decrease in pair to marks 1.0050 - 1.0014. Critical to this scenario is the level of 1.0157.
Forex Wave analysis and forecast of the dollar, the yen USD / JPY for the week 13.03 - 17.03.2017 : upward correction the pair USD / JPY continues.
Estimated pivot point is at 114.26.
Alternative USD / JPY : The breakdown and fixing prices below the level of 114.26 will allow the pair USD / JPY to continue to decline to around 111.65.
Our view : Buy USD / JPY pair of correction higher than 114.26 with a view to 116.50.
Analysis USD / JPY: Presumably, formation of wave (C) senior level. Locally, most likely, formation of an upward correction in the second wave, in which develops the wave (c) of ii. If the assumption is true, then the pair will continue to grow to the level of 116.50. Critical to this scenario may be the level of 114.26.
Wave analysis and forecast for the week USD / CAD Forex on 10.03 - 17.03.2017 : Corrective gains USD / CAD is completed.
Estimated pivot point is at 1.3600.
Alternative USD / CAD : Break and fixing prices above the level of 1.3600 will allow the pair USD / CAD continue to grow to the level of 1.3700.
Our opinion : Sell pair USD / CAD below 1.3600 with the aim of 1.3300 - 1.3240.
Analysis USD / the product range CAD : Presumably, formation of the wave With the senior level. Locally, apparently completed development as ascending correction ii of C wave, within which is formed zigzag (a) (b) (c ) from elongating wave (s). If the assumption is true, within the near future, it is logical to expect the beginning of reduction pairs to marks 1.3300 - 1.3240. Critical to this scenario is the level of 1.3600.
The author analyzes -
Alexander Geuta,
trader and analyst LiteForex
